Grade 11 Accounting – Term 4 – The School of Mathematics

About Course

This Grade 11 Accounting Term 4 course develops VAT concepts and calculations before structured final-examination preparation.

Learners distinguish VAT classifications, calculate VAT-inclusive and VAT-exclusive amounts, evaluate VAT ethics and controls, and revise both examination disciplines.

Course Content

The Need, Purpose and Principles of VAT
Explain why VAT is levied and distinguish invoice-based and receipt-based approaches.

VAT Vendors and VAT-able Supplies
Explain basic VAT terminology and identify transactions that fall within the VAT system.

Standard-Rated Items
Apply the current standard VAT rate to relevant goods and services.

Zero-Rated and VAT-Exempt Items
Distinguish zero-rated supplies from exempt supplies and explain the accounting effect.

VAT-Exclusive and VAT-Inclusive Calculations
Add VAT to exclusive amounts and extract VAT from inclusive amounts.

VAT on Cost and Mark-Up
Calculate VAT when cost price and mark-up information are provided.

Adjustments Affecting VAT
Determine the VAT effect of bad debts, discounts, returns and allowances.

VAT Ethics, Fraud and Internal Control
Evaluate VAT fraud risks and controls over VAT collected from customers and paid to SARS.

Paper 1: Financial Reporting and Evaluation
Revise reconciliations, fixed assets, partnerships, statements and financial analysis.

Paper 2: Managerial Accounting and Control
Revise budgeting, inventory systems, cost accounting, VAT, internal audit and control.

Final Examination Preparation
Complete timed Paper 1 and Paper 2 practice and use the Grade 11 formula sheet effectively.

Student Ratings & Reviews

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Grade 11 Accounting – Term 4

About Course

What Will You Learn?

Course Content

The Need, Purpose and Principles of VAT
<p>Explain why VAT is levied and distinguish invoice-based and receipt-based approaches.</p>

VAT Vendors and VAT-able Supplies
<p>Explain basic VAT terminology and identify transactions that fall within the VAT system.</p>

Standard-Rated Items
<p>Apply the current standard VAT rate to relevant goods and services.</p>

Zero-Rated and VAT-Exempt Items
<p>Distinguish zero-rated supplies from exempt supplies and explain the accounting effect.</p>

VAT-Exclusive and VAT-Inclusive Calculations
<p>Add VAT to exclusive amounts and extract VAT from inclusive amounts.</p>

VAT on Cost and Mark-Up
<p>Calculate VAT when cost price and mark-up information are provided.</p>

Adjustments Affecting VAT
<p>Determine the VAT effect of bad debts, discounts, returns and allowances.</p>

VAT Ethics, Fraud and Internal Control
<p>Evaluate VAT fraud risks and controls over VAT collected from customers and paid to SARS.</p>

Paper 1: Financial Reporting and Evaluation
<p>Revise reconciliations, fixed assets, partnerships, statements and financial analysis.</p>

Paper 2: Managerial Accounting and Control
<p>Revise budgeting, inventory systems, cost accounting, VAT, internal audit and control.</p>

Final Examination Preparation
<p>Complete timed Paper 1 and Paper 2 practice and use the Grade 11 formula sheet effectively.</p>

About Course

What Will You Learn?

Course Content

The Need, Purpose and Principles of VAT <p>Explain why VAT is levied and distinguish invoice-based and receipt-based approaches.</p>

VAT Vendors and VAT-able Supplies <p>Explain basic VAT terminology and identify transactions that fall within the VAT system.</p>

Standard-Rated Items <p>Apply the current standard VAT rate to relevant goods and services.</p>

Zero-Rated and VAT-Exempt Items <p>Distinguish zero-rated supplies from exempt supplies and explain the accounting effect.</p>

VAT-Exclusive and VAT-Inclusive Calculations <p>Add VAT to exclusive amounts and extract VAT from inclusive amounts.</p>

VAT on Cost and Mark-Up <p>Calculate VAT when cost price and mark-up information are provided.</p>

Adjustments Affecting VAT <p>Determine the VAT effect of bad debts, discounts, returns and allowances.</p>

VAT Ethics, Fraud and Internal Control <p>Evaluate VAT fraud risks and controls over VAT collected from customers and paid to SARS.</p>

Paper 1: Financial Reporting and Evaluation <p>Revise reconciliations, fixed assets, partnerships, statements and financial analysis.</p>

Paper 2: Managerial Accounting and Control <p>Revise budgeting, inventory systems, cost accounting, VAT, internal audit and control.</p>

Final Examination Preparation <p>Complete timed Paper 1 and Paper 2 practice and use the Grade 11 formula sheet effectively.</p>

Student Ratings & Reviews

The Need, Purpose and Principles of VAT
<p>Explain why VAT is levied and distinguish invoice-based and receipt-based approaches.</p>

VAT Vendors and VAT-able Supplies
<p>Explain basic VAT terminology and identify transactions that fall within the VAT system.</p>

Standard-Rated Items
<p>Apply the current standard VAT rate to relevant goods and services.</p>

Zero-Rated and VAT-Exempt Items
<p>Distinguish zero-rated supplies from exempt supplies and explain the accounting effect.</p>

VAT-Exclusive and VAT-Inclusive Calculations
<p>Add VAT to exclusive amounts and extract VAT from inclusive amounts.</p>

VAT on Cost and Mark-Up
<p>Calculate VAT when cost price and mark-up information are provided.</p>

Adjustments Affecting VAT
<p>Determine the VAT effect of bad debts, discounts, returns and allowances.</p>

VAT Ethics, Fraud and Internal Control
<p>Evaluate VAT fraud risks and controls over VAT collected from customers and paid to SARS.</p>

Paper 1: Financial Reporting and Evaluation
<p>Revise reconciliations, fixed assets, partnerships, statements and financial analysis.</p>

Paper 2: Managerial Accounting and Control
<p>Revise budgeting, inventory systems, cost accounting, VAT, internal audit and control.</p>

Final Examination Preparation
<p>Complete timed Paper 1 and Paper 2 practice and use the Grade 11 formula sheet effectively.</p>